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612-822-4611
Financial Crisis and Transformation of Korean Business Groups

Financial Crisis and Transformation of Korean Business Groups

Hardcover

Business GeneralInvesting & Finance

ISBN10: 0521814359
ISBN13: 9780521814355
Publisher: Cambridge
Published: Apr 28 2003
Pages: 378
Weight: 1.60
Height: 1.10 Width: 6.20 Depth: 9.10
Language: English
This book explores the strategies that chaebols--Korean business groups--have pursued by examining their structures and assessing their performance. It highlights the strengths of chaebols that enable their fast growth, as well as the weaknesses that waylaid them when the 1999 Asian crisis occurred. Sea-Jin Chang asserts that the Korean government's restructuring efforts have not been successful and demonstrates why measures that overhaul chaebols' financial structures and strengthen their systems are necessary. He predicts that they will emerge again as stronger, more focused global players.

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